GILG.L vs. UBTS.L
GILG.L (iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist)) and UBTS.L (UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis) are both Inflation-Protected Bonds funds - GILG.L tracks the Bloomberg Gbl Infl Linked TR Hdg GBP while UBTS.L tracks the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 5 years, GILG.L returned -1.48%/yr vs 3.32%/yr for UBTS.L. At a 0.18 correlation, their price movements are largely independent. GILG.L charges 0.20%/yr vs 0.15%/yr for UBTS.L.
Performance
GILG.L vs. UBTS.L - Performance Comparison
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Different Trading Currencies
GILG.L is traded in GBP, while UBTS.L is traded in GBp. To make them comparable, the UBTS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GILG.L achieves a 1.51% return, which is significantly lower than UBTS.L's 1.80% return.
GILG.L
- 1D
- 0.09%
- 1M
- 0.46%
- YTD
- 1.51%
- 6M
- 1.28%
- 1Y
- 4.17%
- 3Y*
- 2.43%
- 5Y*
- -1.48%
- 10Y*
- —
UBTS.L
- 1D
- -0.10%
- 1M
- 0.69%
- YTD
- 1.80%
- 6M
- 0.83%
- 1Y
- 5.77%
- 3Y*
- 2.02%
- 5Y*
- 3.32%
- 10Y*
- —
GILG.L vs. UBTS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GILG.L iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) | 1.51% | 4.23% | -0.86% | 3.12% | -18.45% | 5.19% | 2.37% |
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis | 1.80% | -0.11% | 4.95% | -1.59% | 3.39% | 6.97% | -2.09% |
Correlation
The correlation between GILG.L and UBTS.L is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.18 |
The correlation between GILG.L and UBTS.L shifts across timeframes, from -0.13 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GILG.L vs. UBTS.L — Risk / Return Rank
GILG.L
UBTS.L
GILG.L vs. UBTS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L) and UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GILG.L | UBTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.16 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.15 | +0.55 |
| Martin ratioReturn relative to average drawdown | 4.72 | 3.08 | +1.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GILG.L | UBTS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.91 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.41 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.27 | -0.39 |
Drawdowns
GILG.L vs. UBTS.L - Drawdown Comparison
The maximum GILG.L drawdown since its inception was -24.23%, which is greater than UBTS.L's maximum drawdown of -15.99%. Use the drawdown chart below to compare losses from any high point for GILG.L and UBTS.L.
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Drawdown Indicators
| GILG.L | UBTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.23% | -15.99% | -8.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -4.97% | +2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -5.52% | -7.52% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -24.23% | -15.99% | -8.24% |
Current DrawdownCurrent decline from peak | -13.44% | -5.74% | -7.70% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -6.89% | -6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.87% | -0.99% |
Volatility
GILG.L vs. UBTS.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) (GILG.L) is 1.48%, while UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.L) has a volatility of 1.78%. This indicates that GILG.L experiences smaller price fluctuations and is considered to be less risky than UBTS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GILG.L | UBTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.78% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 4.63% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 6.29% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.79% | 8.15% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 8.68% | -1.14% |
GILG.L vs. UBTS.L - Expense Ratio Comparison
GILG.L has a 0.20% expense ratio, which is higher than UBTS.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GILG.L vs. UBTS.L - Dividend Comparison
GILG.L's dividend yield for the trailing twelve months is around 0.98%, less than UBTS.L's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GILG.L iShares Global Inflation Linked Government Bond UCITS ETF GBP Hedged (Dist) | 0.98% | 0.96% | 0.87% | 0.79% | 0.72% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% |
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis | 4.01% | 3.26% | 4.42% | 4.57% | 6.66% | 2.83% | 0.84% | 2.30% | 2.38% | 1.27% |
Frequently Asked Questions
GILG.L and UBTS.L have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UBTS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBTS.L is cheaper with a 0.15% expense ratio, compared with 0.20% for GILG.L.
GILG.L tracks Bloomberg Gbl Infl Linked TR Hdg GBP, while UBTS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.20% for GILG.L and 0.15% for UBTS.L.
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